Life's Better Ideas

Occasional links to, and comments on, ideas that I think will make this a better world, and remarks about things that need fixing, too.

Location: Denver, Colorado, United States

Saturday, April 30, 2005

Trade deficits

Robert Samuelson discusses The Global Savings Glut.
Like others, Bernanke warns that these trade imbalances -- our huge deficits, their huge surpluses -- seem dangerous. His contribution is to show that their main causes lie outside the United States. To say a country has surplus saving is simply another way of saying that it lacks good investment opportunities at home or discourages its citizens from consuming.
Me? I run a huge trade deficit with King Soopers! The solution may well be something I talked about a few days ago. HT Jane Galt


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